Addiko Bank was established in 2015, when Advent International and the European Bank for Reconstruction and Development acquired Hypo Alpe Adria with its Southeast Europe banking network from Heta Asset Resolution. Addiko Bank repositioned itself as a specialist consumer and SME banking group with a focus on growing its consumer business and SME lending activities as well as payment services, offering unsecured personal loan products for consumers and working capital loans for its SME customers funded largely by retail deposits. Addiko Bank’s mortgage business, public lending and large corporate lending portfolios are gradually reduced over time, thereby providing liquidity and capital for the gradual growth in its consumer business and SME lending.
Becoming a client of Addiko Bank AG can be done in a few steps:
Due to regulatory requirements Addiko Bank AG performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Addiko Bank AG will ask him/her to provide the following documents: passport; proof of address. For corporate clients Addiko Bank AG will ask to provide corporate documentation as well as information about controlling persons. Addiko Bank AG may request additional documentation or information depending on the case.
Addiko Bank AG is the 71st largest bank in Austria in terms of total assets. In 2018 its total assets were 1 305,08 mln EUR, providing the bank with the market share of 0.16%. Addiko Bank AG is the 13th largest joint stock bank and private bank in Austria (out of 36 joint stock banks and private banks) having market share of 0.60% amongst the banks of this category. In 2018 the bank's net income was 50,00 mln EUR.
Addiko Bank AG is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Ba3 (non-investment grade speculative).
Addiko Bank AG participates in the deposit guarantee scheme of Austria. This deposit guarantee scheme applies to all balances on bank accounts made by natural persons (Austrian and foreign), legal entities (Austrian and foreign) and covers up to up to 100,000 EUR per bank per depositor. Addiko Bank AG is a member of Einlagensicherung AUSTRIA Ges.m.b.H (ESA) and makes its contributions into it.
Addiko Bank AG is headquartered in Wien.